What Has Been the Progress and Growth of the Contact Adhesives Market in Recent Years?
The contact adhesives market has seen considerable growth due to a variety of factors.
• There has been a significant expansion in the size of the contact adhesives market in recent times. This market is projected to increase from $3.53 billion in 2024 to $3.76 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.6%.
Factors such as consumer tastes, environmental guidelines, heightened consciousness about health and the environment, variations in the cost of raw materials, and the state of the economy have contributed to the growth experienced during the historical period.
What Can Be Expected from the Contact Adhesives Market Size?
The contact adhesives market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated robust expansion is on the cards for the contact adhesives market in the coming years. The market is projected to swell to $4.81 billion by 2029, with a compound annual growth rate (CAGR) of 6.3%.
The upsurge during the forecast period can be linked to industrial necessities, a rise in construction and refurbishment activities, geopolitical aspects, market unification, and supply chains. The forecast period will witness notable trends such as environment-friendly adhesive formulations, enhanced performance features, the invention of adhesives for sophisticated applications, bespoke and customized solutions, and intelligent adhesives.
What Are the Critical Driver Fuelling The Contact Adhesives Market's Growth?
The anticipated surge in the building and construction industry is likely to catalyze the growth of the contact adhesives market. The building and construction industry encompasses the conceptualization, blueprint creation, and realization of various infrastructure projects, including residential, commercial, and industrial edifices. This sector is experiencing a surge due to factors such as urbanization, population increase, economic growth, and government funding. Contact adhesives bolster the building and construction industry by enabling robust, lasting bonds for diverse materials, thus promoting rapid and effective installations. For example, a report by the Northern Ireland Statistics and Research Agency, a UK public body, in June 2023, revealed that the construction industry witnessed a 6.5% expansion from Q1 2022 to Q1 2023, with the residential construction sector growing by 11.1% and the infrastructure subsector by 3.7%. Consequently, the anticipated growth in the building and construction industry is fuelling the expansion of the contact adhesives market.
How Is The Contact Adhesives Market segmented?
The contact adhesivesmarket covered in this report is segmented –
1) By Type: Solvent-Based, Water-Based, Solvent-Free, Reactive Contact, Hot Melt
2) By Resin Types: Neoprene, Polyurethane, Acrylic, Styrene-Butadiene Rubber (SBR), Other Resin Types
3) By Substrate: Wood-To-Wood, Metal-To-Metal, Plastic-To-Plastic, Fabric-To-Fabric, Multi-Substrate
4) By Application: Construction And Building, Furniture And Woodworking, Automotive And Transportation, Footwear And Leather Goods, Textiles And Fabrics, Electronics And Appliances, Packaging, DIY And Craft, Other Applications
Subsegments:
1) By Solvent-Based: Rubber Solvent-Based Adhesives, Acrylic Solvent-Based Adhesives, Polyurethane Solvent-Based Adhesives
2) By Water-Based: Acrylic Water-Based Adhesives, Polyvinyl Acetate (PVA) Water-Based Adhesives, Polyurethane Water-Based Adhesives
3) By Solvent-Free: Hot Melt Adhesives, Reactive Adhesives
4) By Reactive Contact: Epoxy Reactive Adhesives, Polyurethane Reactive Adhesives
5) By Hot Melt: Ethylene-Vinyl Acetate (EVA) Hot Melt Adhesives, Polyamide Hot Melt Adhesives, Polyurethane Hot Melt Adhesives
Pre-Book The Contact Adhesives Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
How Are Emerging Trends Reshaping The Dynamics Of The Contact Adhesives Market?
Leading entities in the contact adhesives sector are strategizing on innovative product development like biobased adhesives from renewable resources to secure a competitive advantage in the market. Instead of conventional petrochemical sources, these adhesives are procured from renewable resources and are tailored to be eco-friendly and sustainable. For instance, in September 2024, Biophilica Ltd., a biotechnology firm based in the UK, unveiled Brightbond, an adhesive that is 100% biobased and offers a similar bonding capacity as conventional PVA adhesives. This adhesive, exclusively obtained from renewable resources, demonstrates a similar potential as traditional PVA adhesives. It is capable of bonding a range of substrates such as plant-based materials, paper, and textiles while maintaining its eco-friendly and non-toxic nature. Its water-based composition dries transparent with a slight shade, making it ideal for aesthetic applications. It was devised to meet the demand for sustainable manufacturing and facilitates a shift towards circular, environmentally friendly products.
Who Are the Key Players In The Contact Adhesives Market?
Major companies operating in the contact adhesives market are:
• The Dow Chemical Company
• 3M Company
• Akzo Nobel N.V.
• Sika AG
• Huntsman Corporation
• Wacker Chemie AG
• Bostik SA
• Pidilite Industries Limited
• Tremco Incorporated
• Jubilant Industries Ltd.
• Franklin International Inc.
• CRC Industries Inc.
• Jowat SE
• RLA Polymers Pty Ltd.
• Apollo Roofing Solutions LLC
• Benson Polymers Ltd.
• Helmitin Adhesives Inc.
• Soudal N.V.
• Chemical Concepts Inc.
• Mapei S.p.A.
• Chemique Adhesives Inc.
• Everbuild Building Products Ltd.
What Is The Most Dominant Region In The Contact Adhesives Market?
Asia-Pacific was the largest region in the contact adhesives market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the contact adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
